If you haven't heard yet, conforming and jumbo conforming mortgage rates dropped like a rock last week as the Federal Reserve announced its intention to buy Fannie Mae and Freddie Mac secured mortgage instruments. The action announced on November 26th immediately caused mortgage rates to fall, in some cases to the low 5% range from the low 6% range immediately preceding the announcement. If you have a desire to refi or if you're a Buyer who's been waiting on the sidelines, this rate drop could save you up a bundle. Check this link for today's fixed mortgage rates at Star One Credit Union in Sunnyvale: https://www.starone.org/site/rates.html#fixre.